Announcement • Aug 15
Metal Sky Star Acquisition Corporation announced delayed 10-Q filing On 08/14/2025, Metal Sky Star Acquisition Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Jul 04
Nasdaq to Delist Ordinary Shares & Units of Metal Sky Star Acquisition The Nasdaq Stock Market announced that it will delist the ordinary shares, warrants, rights and units of Metal Sky Star Acquisition Corporation. Metal Sky Star Acquisition’s securities were suspended on April 9, 2025, and have not traded on Nasdaq since that time. Announcement • Apr 09
Metal Sky Star Acquisition Corporation(OTCPK:MSSA.F) dropped from NASDAQ Composite Index Metal Sky Star Acquisition Corporation has been dropped from the NASDAQ Composite Index Announcement • Apr 04
Metal Sky Star Announces Receipt of Letter from Nasdaq Regarding Failure to Complete Initial Business Combination On April 2, 2025, Metal Sky Star Acquisition Corporation, received a letter (the “Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) stating that (i) the Staff has determined that the Company’s securities will be delisted from The Nasdaq Stock Market; (ii) trading of the Company’s Ordinary Shares, Units, Rights, and Warrants will be suspended at the opening of business on April 9, 2025; and (iii) a Form 25-NSE will be filed with the Securities and Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. Pursuant to Nasdaq Listing Rule IM-5101-2, a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. Since the Company failed to complete its initial business combination by March 31, 2025, the Company did not comply with IM-5101-2, and its securities are now subject to delisting. The Company will not appeal Nasdaq’s determination to delist the Company’s securities and accordingly, the Company’s securities will be suspended from trading on Nasdaq at the opening of business on April 9, 2025. The Company intends to apply for the listing of its securities on the OTC market under the same ticker symbols after they are delisted from Nasdaq. The Company is working diligently to complete a business combination as soon as practicable. The Company will remain a reporting entity under the Securities Exchange Act of 1934, as amended, with respect to continued disclosure of financial and operational information. Announcement • Mar 26
Metal Sky Star Acquisition Receives Non-Compliance Letter from Nasdaq On March 24, 2025, Metal Sky Star Acquisition Corporation (the Company") received written notice (the Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq") stating that the Company is not in compliance with Nasdaq Listing Rule 5450(b) because the Company has not maintained a minimum 1,100,000 publicly held shares. The Notice has no immediate effect on the listing or trading of the Company's listed securities (the Listed Securities"). The Company has 45 calendar days to submit a plan to regain compliance. If the plan is accepted, Nasdaq will grant an extension of up to 180 calendar days from the date of the Notice to regain compliance. Alternatively, the Company may consider applying for a transfer to the Capital Market. In order to transfer, the Company must submit an on-line Transfer Application, pay a $5,000 fee and meet the Capital Market's continued listing requirements. If the Company does not regain compliance with the publicly held shares requirement within the compliance period, the Company's Listed Securities will be subject to delisting. In the event the Company receives notice that the Company's Listed Securities are being delisted, Nasdaq's rules permit the Company to appeal the delisting determination by the Nasdaq staff to a hearings panel. Announcement • Jan 13
Metal Sky Star Acquisition Corporation Announces Board Changes On January 7, 2025, Mr. Konstantin Anatolyevich Sokolov tendered his resignation as a director of Metal Sky Star Acquisition Corporation, effective on the same date. On January 7, 2025, the board of directors approved the appointment of Mr. Christopher John Regan as an independent director of the Company, effective on the same date. The biographical information of Mr. Regan is set forth below: Mr. Regan currently serves as Director and Head of Trading of KX Power, an asset management business operating grid scale batteries in the United Kingdom. With over 20 years’ experience in the energy sector, he specializes in asset optimization and short-term power trading. Mr. Regan is also Managing Director of Short-Term Power Trading at an energy trading software firm where he develops algorithmic trading solutions. Prior to joining KX Power, Mr. Regan was Head of Trading and Operations and Battery Optimization at EDF Energy, managing long-term physical trading, gas balancing, short-term power trading and portfolio optimization. Mr. Regan was also responsible for developing a battery trading platform, PowerShift. Mr. Regan holds a bachelor’s degree in Physics with Computer Science from the University of Southampton as well as an EMBA with distinction from Insead where he was a top-scoring student placed on the Dean’s List. Announcement • Oct 17
Metal Sky Star Acquisition Corporation (NasdaqGM:MSSA) entered into a letter of intent to acquire Fedilco Group Limited. Metal Sky Star Acquisition Corporation (NasdaqGM:MSSA) entered into a letter of intent to acquire Fedilco Group Limited on October 15, 2024. As part of the transaction, Metal Sky Star Acquisition Corporation will acquire all the issued and outstanding shares in Fedilco Group. The transaction also includes the acquisition of 80% equity interest of Viva Armenia Closed Joint-Stock Company, which is owned by Fedilco Group. The transaction is subject to obtaining all the required permissions and approvals of the state authorities of the Republic of Armenia. Announcement • Sep 12
Metal Sky Star Acquisition Announces Receipt of Additional Determination from Nasdaq Regarding Delayed Filing and Public Holders Deficiencies Metal Sky Star Acquisition Corporation announced that it has received a notice dated September 5, 2024, from The Nasdaq Stock Market LLC ("Nasdaq") stating that as a result of its failure to timely file its Quarterly Report on Form 10-Q (the "Form 10-Q") for the quarterly period ended June 30, 2024 (the "Delayed Filing") in accordance with Nasdaq Listing Rule 5250(c)(1), and failure to have at least 400 public holders for continued listing on the Nasdaq Global Market, both of these matters serve as separate and additional basis for delisting the Company's securities (units, ordinary shares, warrants, and rights), which will be considered by the Nasdaq Hearings Panel (the "Panel") in a hearing (the "Hearing") scheduled on September 19, 2024. The Company will present its views with respect to the additional deficiencies to the Panel and intends to cure the additional deficiencies before September 19, 2024. Announcement • Aug 14
Metal Sky Star Acquisition Announces Receipt of Notice from Nasdaq Regarding Delayed Filings and Failure to Close One or More Business Combinations Metal Sky Star Acquisition Corporation announced that it has received a notice from The Nasdaq Stock Market LLC stating that as a result of its failure to complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement, or such shorter time that the Company specifies in its Articles of Association, as amended, in accordance with Nasdaq rule IM-5101-2; and subsequently, the Company fails to timely file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024 and Annual Report on Form 10-K for the period ended December 31, 2023 (the “Delayed Filings”) in accordance with Nasdaq Listing Rule 5250(c)(1), the Company’s securities (units, ordinary shares, warrants, and rights) would be subject to suspension and delisting from The Nasdaq Capital Market at the opening of business on August 16, 2024, unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). As reported by the Company in its Form 12b-25 filed with the Securities and Exchange Commission (the “SEC”) on April 1, 2024, and May 16, 2024, the Company was unable to file its Form 10-K and Form 10-Q within the prescribed time period without unreasonable effort or expense. The extension period provided under SEC Rule 12b-25 expired. The Company submitted its plan to regain compliance with the Nasdaq Listing Rule on July 30, 2024. The Delayed Filings serves as an additional and separate basis for delisting, and as such, the Company should address this concern before the Panel if it appeals staff’s determination. Pursuant to the Notice, the Company has until August 14, 2024 to requests an appeal of the determination. A request for a hearing regarding the delinquent filings will stay the suspension of the Company’s securities for a period of 15 days from the date of the request. When the Company requests a hearing, it may also request a stay of the suspension, pending the hearing. A panel will review the request for an extended stay and notify the Company of its conclusion as soon as is practicable but in any event no later than 15 calendar days following the deadline to request the hearing. Announcement • Jul 17
Metal Sky Star Acquisition Receives Non-Compliance Notice from Nasdaq Regarding Minimum Public Holders Rule On July 12, 2024, Metal Sky Star Acquisition Corporation received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market indicating that the Company was not in compliance with Listing Rule 5450(a)(2), which requires the Company to have at least 400 public holders for continued listing on the Nasdaq Global Market. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Nasdaq Global Market. The Notice states that the Company has 45 calendar days to submit a plan to regain compliance with the Minimum Public Holders Rule. The Company intends to submit a plan to regain compliance with the Minimum Public Holders Rule within the required timeframe. If Nasdaq accepts Company’s plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice to evidence compliance with the Minimum Public Holders Rule. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel. Announcement • Jun 09
Metal Sky Star Acquisition Corporation Announces Receipt of Notice from Nasdaq Regarding Filing of Annual Report on Form 10-K On May 31, 2024, Metal Sky Star Acquisition Company (the ‘Company’) received a delinquency notification letter (the ‘Notice’) from the Listing Qualifications Staff (the ‘Staff’) of the Nasdaq Stock Market LLC (‘Nasdaq’) due to the Company’s non-compliance with Nasdaq Listing Rule 5250(c)(1) (the ‘Listing Rule’) as a result of the Company’s failure to timely file its Annual Report on Form 10-K for the period ended December 31, 2023 and its Quarterly Report on Form 10-Q for the period ended March 31, 2024. The Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the ‘SEC’). This Notice has no immediate effect on the listing of the Company’s securities on Nasdaq. However, if the Company fails to timely regain compliance with the Rule, the Company’s securities will be subject to delisting from Nasdaq. The Notice provides that the Company has 60 calendar days, or until July 30, 2024, to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule. If Nasdaq accepts the Company’s plan, then Nasdaq may grant the Company up to 180 days, or until October 14, 2024, to regain compliance. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The Company is working diligently to complete its Form 10-K and Form 10-Q and expects to file its Form 10-K and Form 10-Q within the 60-day period described above, which would eliminate the need for the Company to submit a formal plan to regain compliance. As required under Nasdaq Listing Rule 5810(b), the Company issued a press release on June 6, 2024, announcing that it had received the Notice. Announcement • May 18
Metal Sky Star Acquisition Corporation announced delayed 10-Q filing On 05/16/2024, Metal Sky Star Acquisition Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 03
Metal Sky Star Acquisition Corporation announced delayed annual 10-K filing On 04/01/2024, Metal Sky Star Acquisition Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Board Change • Jan 23
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Xinghua Fan is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jan 06
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Xinghua Fan is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 21
Metal Sky Star Acquisition Corporation Appoints Konstantin A Sokolov as Director At the Annual General Meeting held on December 20, 2023, the shareholders of Metal Sky Star Acquisition Corporation approved the appointment of Konstantin A Sokolov as director. Announcement • Dec 03
Metal Sky Star Acquisition Corporation, Annual General Meeting, Dec 20, 2023 Metal Sky Star Acquisition Corporation, Annual General Meeting, Dec 20, 2023, at 10:00 US Eastern Standard Time. Location: offices of the Company's counsel, Becker & Poliakoff P.A., at 45 Broadway, 17 Floor, New York, NY 10006 United States Agenda: To consider proposal to elect five directors to serve as members of the Board of Directors to hold office until the second succeeding annual general meeting of shareholders or until their respective successors have been elected and qualified ; to proposal to ratify the appointment of UHY LLP as independent registered public accounting firm for the fiscal year ending December 31, 2023; to proposal to amend the Amended and Restated Memorandum and Articles of Association of the Company to allow the Company to undertake an initial business combination with an entity or business with a physical presence, operation, or other significant ties to China or which may subject the post-business combination operations in China through variable interest entities, or VIEs, pursuant to a series of contractual arrangements with the VIE and its shareholders on one side, and a China-based subsidiary of the China-based Target. Announcement • Oct 16
Metal Sky Star Acquisition Corporation Appoints Konstantin A. Sokolov as Director On October 14, 2022, the Board of Directors of Metal Sky Star Acquisition Corporation approved the appointment of Konstantin A. Sokolov, age 47, as the director effective October 14, 2022 and will no longer serve as the Senior Advisor of the Company. Prior to being appointed director of the company, Mr. Sokolov is the founder and Chairman of Gotthard Investment AG, which is a private equity firm based in Zurich, Switzerland, focusing on financial services, asset management and global real estate. Since 2011, Gotthard Investment AG advised and managed multiple investment funds, and partnered with Swiss and Lichtenstein banks to invest globally in energy and real estate assets. Prior to that, Mr. Sokolov served as Managing Director of Centrica plc (British Gas and Direct Energy). Between 1997 to 2005, Mr. Sokolov served in senior leadership positions at Qwest Communication Inc. 
